Fidelis Capital Partners LLC Boosts Stock Holdings in International Business Machines Co. (NYSE:IBM)

Fidelis Capital Partners LLC lifted its stake in shares of International Business Machines Co. (NYSE:IBM) by 83.5% during the third quarter, Holdings Channel reports. The fund owned 6,256 shares of the technology company’s stock after acquiring an additional 2,846 shares during the period. Fidelis Capital Partners LLC’s holdings in International Business Machines were worth $1,456,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of IBM. FPC Investment Advisory Inc. acquired a new stake in International Business Machines in the first quarter valued at $26,000. ESL Trust Services LLC acquired a new stake in International Business Machines in the first quarter valued at $28,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in International Business Machines in the second quarter valued at $36,000. Wolff Wiese Magana LLC raised its stake in International Business Machines by 37.0% in the second quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company’s stock valued at $38,000 after buying an additional 60 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC raised its stake in International Business Machines by 47.2% in the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 240 shares of the technology company’s stock valued at $53,000 after buying an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of IBM opened at $210.43 on Wednesday. International Business Machines Co. has a twelve month low of $142.58 and a twelve month high of $237.37. The stock’s 50 day moving average is $216.23 and its two-hundred day moving average is $190.85. The firm has a market capitalization of $193.30 billion, a PE ratio of 23.83, a P/E/G ratio of 4.84 and a beta of 0.70. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.03. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The company had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. During the same quarter in the previous year, the company earned $2.20 EPS. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. Research analysts anticipate that International Business Machines Co. will post 10.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

IBM has been the topic of several research reports. BMO Capital Markets raised their price objective on International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a report on Thursday, October 24th. Hsbc Global Res raised International Business Machines to a “moderate sell” rating in a report on Friday, July 26th. Bank of America raised their price objective on International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. StockNews.com lowered International Business Machines from a “buy” rating to a “hold” rating in a report on Friday, October 25th. Finally, Stifel Nicolaus raised their price objective on International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $208.12.

International Business Machines Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.